Chevy Chase Trust Holdings Inc. increased its stake in CA, Inc. (NYSE:CA) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,115 shares of the company’s stock after buying an additional 9,516 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in CA were worth $8,737,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of CA during the third quarter worth $1,463,000. Bank of New York Mellon Corp increased its stake in CA by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 25,992,761 shares of the company’s stock valued at $853,342,000 after buying an additional 2,866,538 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in CA during the second quarter valued at $277,000. Oregon Public Employees Retirement Fund increased its stake in CA by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,654 shares of the company’s stock valued at $2,123,000 after buying an additional 497 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in CA during the second quarter valued at $407,000.
Shares of CA, Inc. (NYSE:CA) traded up 0.57% during mid-day trading on Monday, reaching $31.96. The company’s stock had a trading volume of 1,888,138 shares. The firm has a market cap of $13.35 billion and a PE ratio of 16.66. The firm’s 50 day moving average is $31.76 and its 200 day moving average is $32.79. CA, Inc. has a one year low of $25.18 and a one year high of $34.99.
CA (NYSE:CA) last issued its earnings results on Thursday, October 27th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The company earned $1.02 billion during the quarter, compared to the consensus estimate of $1,000 million. CA’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, equities analysts anticipate that CA, Inc. will post $2.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, November 17th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%.
Several analysts recently weighed in on CA shares. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, November 2nd. Jefferies Group restated a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Thursday, November 17th. Credit Suisse Group AG restated a “hold” rating and issued a $34.00 price target on shares of CA in a research note on Monday, August 29th. Hovde Group upgraded CA from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $24.75 to $26.00 in a research note on Saturday, October 8th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $35.00 price target on shares of CA in a research note on Thursday, November 17th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. CA has a consensus rating of “Hold” and a consensus price target of $33.75.
CA Company Profile
CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.